As per the financial report published as per NFRS format, the bank earned distributable profit of Rs 1.32 billion after adjusting various provisions. The bank allotted Rs 442.4 million in general reserve, Rs 22.1 million in CSR reserve, Rs 32.7 million in exchange fluctuation fund, Rs 11.1 million in employee training reserve and Rs 374 million in regulatory reserve fund.
The government of Nepal has 38.5 percent preferential share ownership in Agriculture Development Bank. Moreover, the 7-yearly debenture issued by the bank is set to mature in the end of the current FY. The bank has allocated Rs 460 million as the last installment of the debenture.
After the maturity of the debenture, the bank will add provision made for the debenture worth Rs 3.22 billion to the distributable profit.
Presently, the bank has a paid-up capital of Rs 14.44 billion including Rs 9.01 billion of ordinary shareholders and 5.43 billion of the government.
During the period, the bank logged EPS of Rs 29.10, net worth per share of Rs 239.35 and P/E ratio of 10.82 times.
In the review period, the bank increased its deposit collection by 8.28 percent to Rs 112.84 billion while it increased its loan extension by 9.85 percent to Rs 109.88 billion.
During the period, the bank earned net interest income of Rs 5.30 billion. The net interest income increased by 20 percent compared to Rs 4.41 billion of the last FY.
The bank has base interest rate of 11.16 and cost of fund of 7.36 percent and bad debt of 4.22 percent.
